SB1481 Summary

• Extends Arizona income tax return filing deadlines for taxable year 2018 to June 15, 2019 for calendar year returns and to the fifteenth day of the sixth month following close of fiscal year for fiscal year returns.

• Establishes filing deadlines for partnerships, S corporations, and tax-exempt organizations' unrelated business income returns for 2018, with deadlines ranging from the fifth to seventh month after year-end.

• Aligns tax payment deadlines with filing deadlines for 2018, with interest accruing at rates determined under section 42-1123 on any unpaid amounts after the prescribed payment date.

• Allows taxpayers to apply charitable contributions made by the sixth month following 2018 tax year close to either the 2018 or 2019 tax year for credits under sections 43-1088, 43-1089, 43-1089.01, and 43-1098.03.

• Designates the act as an emergency measure effective immediately upon passage.